P TRADING LIVE DISABLED
P-TRADING / V1.8

Execution research

LIVE EXECUTION DISABLEDSYNTHETIC / NO ACCOUNT CONNECTION
04:01:30.012 UTC
VenueOKXEnvironmentSYNTHETICStrategyTREND_POSITIONMarket dataFRESH / 12 msFeed / WSSYNTHETIC / NO LIVE SOCKETRiskOKKill switchCLEAR (DEMO)

PnL & attribution

USDT / synthetic, not performance evidence
Total PnL
0.1196
Gross realized
3.841
Unrealized / inventory
0.679
Fees
4.4004
Maker rebates
0
Spread capture (diagnostic)
3.338
Adverse selection attribution
UNAVAILABLE
Slippage attribution
UNAVAILABLE

Total = gross realized + unrealized - fees + rebates. Spread capture and markouts are overlapping diagnostics, not extra accounting legs.

Fills & markout

Forward labels only after observation arrives
Fill / orderSide / liquidityPrice / qtyFee / rebateAck msState / scoreInventory before / afterFill time100ms1s5s30s1min
BTC-USDT-fill-884BTC-USDT-order-880BUY / MAKER100,009.4 / 0.0050.05 / 012TREND_POSITION / 0.92440.055 / 0.0604:01:28.412 UTC5.54896.5276PENDINGPENDINGPENDING
BTC-USDT-fill-882BTC-USDT-order-880BUY / MAKER100,009.4 / 0.0050.05 / 012TREND_POSITION / 0.92740.05 / 0.05504:01:28.212 UTC5.31226.3036PENDINGPENDINGPENDING
BTC-USDT-fill-864BTC-USDT-order-860BUY / MAKER100,008.9 / 0.0050.05 / 012TREND_POSITION / 0.940.045 / 0.0504:01:26.412 UTC3.8054.8111PENDINGPENDINGPENDING
BTC-USDT-fill-862BTC-USDT-order-860BUY / MAKER100,008.9 / 0.0050.05 / 012TREND_POSITION / 0.93990.04 / 0.04504:01:26.212 UTC3.57244.5929PENDINGPENDINGPENDING
BTC-USDT-fill-844BTC-USDT-order-840BUY / MAKER100,005.3 / 0.0050.05 / 012TREND_POSITION / 0.92460.035 / 0.0404:01:24.412 UTC5.15056.155410.6276PENDINGPENDING
BTC-USDT-fill-842BTC-USDT-order-840BUY / MAKER100,005.3 / 0.0050.05 / 012TREND_POSITION / 0.92140.03 / 0.03504:01:24.212 UTC4.93445.945810.4036PENDINGPENDING
BTC-USDT-fill-824BTC-USDT-order-820BUY / MAKER100,004.2 / 0.0050.05 / 012TREND_POSITION / 0.87870.025 / 0.0304:01:22.412 UTC4.06435.03689.5111PENDINGPENDING
BTC-USDT-fill-822BTC-USDT-order-820BUY / MAKER100,004.2 / 0.0050.05 / 012TREND_POSITION / 0.87250.02 / 0.02504:01:22.212 UTC3.86754.83269.2929PENDINGPENDING
BTC-USDT-fill-804BTC-USDT-order-800BUY / MAKER100,002.7 / 0.0050.05 / 012TREND_POSITION / 0.80390.015 / 0.0204:01:20.412 UTC3.52044.42678.7554PENDINGPENDING
BTC-USDT-fill-802BTC-USDT-order-800BUY / MAKER100,002.7 / 0.0050.05 / 012TREND_POSITION / 0.79490.01 / 0.01504:01:20.212 UTC3.33934.22568.5458PENDINGPENDING
100ms markout
5.5489USDT/unit
1s markout
6.5276USDT/unit
5s markout
PENDINGUSDT/unit
30s markout
PENDINGUSDT/unit
1min markout
PENDINGUSDT/unit

Research feedback

PROPOSED / NOT APPROVED

Observation

84 matured 5s markouts; mean 11.4843 USDT/unit

Hypothesis

Positive sample markout does not establish profitability; test sensitivity to fees, latency and queue assumptions.

Experiment

Freeze seed/time splits; compare mid-only baseline versus source-owned fair-price model with equal costs and limits.

Governance

Out-of-sample replay -> paper/shadow -> independent Human approval

Evidence / Agent-readable proposal
{
  "id": "BTC-USDT-research-1789185690012",
  "source": "Frozen synthetic L1 / fills / uncalibrated illustrative control",
  "asOf": 1789185690012,
  "observation": "84 matured 5s markouts; mean 11.4843 USDT/unit",
  "hypothesis": "Positive sample markout does not establish profitability; test sensitivity to fees, latency and queue assumptions.",
  "experiment": "Freeze seed/time splits; compare mid-only baseline versus source-owned fair-price model with equal costs and limits.",
  "owner": "PMMT / PTFT / SMT",
  "status": "PROPOSED_NOT_APPROVED",
  "nextGate": "Out-of-sample replay -> paper/shadow -> independent Human approval",
  "evidenceRefs": [
    "BTC-USDT-fill-22",
    "BTC-USDT-fill-24",
    "BTC-USDT-fill-42",
    "BTC-USDT-fill-44",
    "BTC-USDT-fill-62",
    "BTC-USDT-fill-64",
    "BTC-USDT-fill-82",
    "BTC-USDT-fill-84",
    "BTC-USDT-fill-102",
    "BTC-USDT-fill-104",
    "BTC-USDT-fill-122",
    "BTC-USDT-fill-124",
    "BTC-USDT-fill-142",
    "BTC-USDT-fill-144",
    "BTC-USDT-fill-162",
    "BTC-USDT-fill-164",
    "BTC-USDT-fill-182",
    "BTC-USDT-fill-184",
    "BTC-USDT-fill-202",
    "BTC-USDT-fill-204",
    "BTC-USDT-fill-222",
    "BTC-USDT-fill-224",
    "BTC-USDT-fill-242",
    "BTC-USDT-fill-244",
    "BTC-USDT-fill-262",
    "BTC-USDT-fill-264",
    "BTC-USDT-fill-282",
    "BTC-USDT-fill-284",
    "BTC-USDT-fill-302",
    "BTC-USDT-fill-304",
    "BTC-USDT-fill-322",
    "BTC-USDT-fill-324",
    "BTC-USDT-fill-342",
    "BTC-USDT-fill-344",
    "BTC-USDT-fill-362",
    "BTC-USDT-fill-364",
    "BTC-USDT-fill-382",
    "BTC-USDT-fill-384",
    "BTC-USDT-fill-402",
    "BTC-USDT-fill-404",
    "BTC-USDT-fill-422",
    "BTC-USDT-fill-424",
    "BTC-USDT-fill-442",
    "BTC-USDT-fill-444",
    "BTC-USDT-fill-462",
    "BTC-USDT-fill-464",
    "BTC-USDT-fill-482",
    "BTC-USDT-fill-484",
    "BTC-USDT-fill-502",
    "BTC-USDT-fill-504",
    "BTC-USDT-fill-522",
    "BTC-USDT-fill-524",
    "BTC-USDT-fill-542",
    "BTC-USDT-fill-544",
    "BTC-USDT-fill-562",
    "BTC-USDT-fill-564",
    "BTC-USDT-fill-582",
    "BTC-USDT-fill-584",
    "BTC-USDT-fill-602",
    "BTC-USDT-fill-604",
    "BTC-USDT-fill-622",
    "BTC-USDT-fill-624",
    "BTC-USDT-fill-642",
    "BTC-USDT-fill-644",
    "BTC-USDT-fill-662",
    "BTC-USDT-fill-664",
    "BTC-USDT-fill-682",
    "BTC-USDT-fill-684",
    "BTC-USDT-fill-702",
    "BTC-USDT-fill-704",
    "BTC-USDT-fill-722",
    "BTC-USDT-fill-724",
    "BTC-USDT-fill-742",
    "BTC-USDT-fill-744",
    "BTC-USDT-fill-762",
    "BTC-USDT-fill-764",
    "BTC-USDT-fill-782",
    "BTC-USDT-fill-784",
    "BTC-USDT-fill-802",
    "BTC-USDT-fill-804",
    "BTC-USDT-fill-822",
    "BTC-USDT-fill-824",
    "BTC-USDT-fill-842",
    "BTC-USDT-fill-844"
  ],
  "liveActionAllowed": false
}
Frozen synthetic L1 / fills / uncalibrated illustrative controlEvidence & research gates
Research backlog

RESEARCH LOOP

Highest-information next work

Trading observations become bounded research candidates; source teams retain ownership and validation duties.

R-021 · P0

Low-correlation Alpha candidate reproduction

Factor Agent

Gate: PAAT reproduction
R-022 · P0

Trend persistence under volatility expansion

Trend Agent

Gate: Walk-forward
R-023 · P0

Adverse-selection threshold calibration

Market Making Agent

Gate: Replay benchmark
R-024 · P1

Probability-weighted strategy mixture

Strategy Manager Agent

Gate: Simulation only